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aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …
Persistent link: https://www.econbiz.de/10005504461
agglomeration benefits of the spatial variation in firm level nominal wages. Unusually detailed intermediate input data allow us to …
Persistent link: https://www.econbiz.de/10005067387
to the legacy of communism where over-manning levels of employment were the norm. This Paper sheds light on whether the … further use the Olley-Pakes methodology to estimate total factor productivity (TFP) and show that TFP has increased in most …
Persistent link: https://www.econbiz.de/10005504536
productivity is correlated with product fixed costs, with the most productive firms choosing to make the products with the highest …
Persistent link: https://www.econbiz.de/10005656182
This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972...
Persistent link: https://www.econbiz.de/10005114373
Many new exporters give up exporting very shortly, despite substantial entry costs; others shoot up foreign sales and expand to new destinations. We develop a model based on experimentation to rationalize these and other dynamic patterns of exporting firms. We posit that individual export...
Persistent link: https://www.econbiz.de/10008692316
This paper shows that uncertainty can lead firms to follow a gradual internationalization process. We describe a model in which firms are uncertain about their ability to earn profits in a foreign market and must decide whether or not to serve it, and whether to do so through exports or foreign...
Persistent link: https://www.econbiz.de/10011083883
firm performance. Using firm level data on employment, capita, and output, census data on informal employment at the city … labour productivity. We control for different regional and firm characteristics, and we instrument enforcement with the … it is likely to contribute to an improvement in productivity. …
Persistent link: https://www.econbiz.de/10005661940
1990, we find that at the urban level richer diversity is systematically associated with higher average nominal wages for … the positive correlation between wages and diversity survives a battery of robustness checks, it seems to be larger once … foreign cultures have been assimilated. Finally, instrumental variable estimation hints at causation going from diversity to …
Persistent link: https://www.econbiz.de/10005661674
high wages), and if few good jobs are available, workers have little incentive to acquire skills. In this context, the …
Persistent link: https://www.econbiz.de/10005124126